Xeriant Inc (XERI): They don't even have a certifiable f...

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Xeriant Inc (XERI)

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Re: Smartypants2 post# 31852

Tuesday, 05/14/2024 3:49:38 PM

Tuesday, May 14, 2024 3:49:38 PM

They don't even have a certifiable formula yet. Let alone a fully patentable product.

I see they still claim they made the $1 mil down payment. Which did not happen.

The Agreement was effective on May 27, 2021, with an initial deposit of $1 million into the XTI JV.
The most an initial payment (down payment) could have been is $310,880 according to filings.

As of June 30, 2021, the Company received $310,880 in funding from the JV. https://www.sec.gov/Archives/edgar/data/1638850/000110465922078856/tm2219481d1_1sa.htm

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Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 05:20:07 PM
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